Saturday, January 21, 2012

*** US Gov documents and meetings ***

1967 December 16 -59. Circular Telegram From the Department of State to All PostsIn March 1968, the central bank governors of Belgium, the Federal Republic of Germany, Italy, the Netherlands, Switzerland, the United Kingdom, and the United States agreed to establish a two-tier market for gold: that is, central bankers would continue to buy and sell gold among themselves at the official gold price but would no longer engage in transactions in the private gold market, thus allowing the private market price to fluctuate.